Copper Offers Digital Asset Custody Support for Agora AUSD

Copper, a firm focused on digital asset custody, collateral management, and prime services, is pleased to announce a partnership with Agora, the stablecoin issuer of AUSD (the “first” fully collateralized, freely tradable digital dollar).

Copper now offers custody support for Agora’s AUSD, a digital dollar minted 1:1 with USD fiat, designed to be a secure digital currency “enabling users to participate in trading, lending and payments.”

The partnership with Agora utilizes Copper’s secure MPC custody and ClearLoop technology to safeguard assets, “mitigate counterparty risk and improve capital efficiency ensuring that AUSD is secure and readily available for trading.”

Copper clients holding AUSD balances will also be “able to earn rewards by simply holding AUSD in Copper’s infrastructure.”

Ilya Khazen, Co-Head of Revenue, Americas at Copper commented:

“Copper offers our institutional clients enhanced accessibility without compromising security. We’re excited to collaborate with Agora by supporting the AUSD stablecoin within our robust custodial infrastructure.”

Nick van Eck, CEO and Co-Founder at Agora:

“We’re thrilled to launch this initiative with Copper, one of the leading global custodians. Copper consistently pushes the frontier of digital assets forward with innovative solutions for their clients.”

As noted in the update, Agora is a stablecoin issuer that “provides users with a safe haven from volatility by pegging its tokens to assets such as the US dollar.”

Agora will issue stablecoins backed by cash, US Treasury bonds, and overnight repurchase agreements.

AUSD is the “first fully collateralized, freely tradable digital dollar.”

It is partner-centric, “open, scalable, and reliable.”

Since being founded in 2018, Copper has been building the standard for institutional digital asset infrastructure with “a focus on custody and collateral management.”

Underpinned by innovative technology, Copper has built a comprehensive and secure suite of products and services “required to safely custody and trade digital assets.”

At the core of Copper’s infrastructure is ClearLoop, which enables clients to manage collateral and settle “trades across multiple exchanges, while mitigating counterparty risk and increasing capital efficiency.”



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